If people in third world countires all have Facebook ,

[Bitcoinpro]

why dont they have acess to their own Crypto Bank/Wallet

[iliasyaco]

why do u even have facebook

[Bitcoinpro]

why do u even have facebook

because i can

[NorrisK]

Probably because they choose not to gain acces to these services?

I guess they just don't see the need to spend the little fiat they get on something like bitcoin. They have other things to worry about.
Maybe some crypto education could change this.

[RodeoX]

it's early. I would guess that Africa may surpass the west in bitcoin use at some point. The economies there are ripe for a bitcoin option. Kinda like what happened to cell phones in the third world. Many places skipped the land line phase and saw greater mobile use than the developed world.

[ultimatesky]

Because most of the internet in third world countries have slow internet. Third world countries are not as developed as the western country so their technology and such are like 10 years behind for us.

[JeWay]

Because they don't believe in it

[Bitcoinpro]

Probably because they choose not to gain acces to these services?

I guess they just don't see the need to spend the little fiat they get on something like bitcoin. They have other things to worry about.
Maybe some crypto education could change this.

yes and guiding them to cheaper but strong altcoins

[Pollak]

I guess because they choose not to use services like these. I would though if I was living in one. Satoshi would be very valuable in those countries if you exchange it. But not too sure if that would be worth it too since I can imagine how slow the internet could be in those third world countries.

[Bitcoinpro]

it's early. I would guess that Africa may surpass the west in bitcoin use at some point. The economies there are ripe for a bitcoin option. Kinda like what happened to cell phones in the third world. Many places skipped the land line phase and saw greater mobile use than the developed world.

telcos could provide a fee for wallets to use  mobile wifi, the same way u can get fb

only mobile wifi at a cheaper rate

[Snail2]

Because most of the internet in third world countries have slow internet. Third world countries are not as developed as the western country so their technology and such are like 10 years behind for us.

Have you ever tested internet speeds in semi-rural/rural areas in the UK? Industrial areas are pretty much the same . Time travel to the early 2000's :/. You can get far better internet speeds in Tunisia, Egypt and many other 3rd world countries.

<off>
BTW this third world is a funny thing. By definition third world countries were the non-aligned or neutral countries during the cold-war including a bunch of undeveloped shitholes, but also including Sweden Switzerland, Finland, Singapore and the countries of the Arab peninsula. This later group have some of the best communication infrastructure on the whole world .
</off>

[Amph]

Because most of the internet in third world countries have slow internet. Third world countries are not as developed as the western country so their technology and such are like 10 years behind for us.

you don't need fast connection to enter in the crypto world, i think more toward the fact that they don't even know what crypto is and surely don't know what bitcoin is

in third countries there is a larger ignorance

[Backside walkaround]

I don't know about cryptobank stuff but 3rd world countries definitely have scammers emanating from them and they definitely use bitcoin.  But in the ultrapoor ones I'm sure bitcoin is a luxury if people even know about it (which they probably don't).

[pawel7777]

Because most of the internet in third world countries have slow internet. Third world countries are not as developed as the western country so their technology and such are like 10 years behind for us.

you don't need fast connection to enter in the crypto world, i think more toward the fact that they don't even know what crypto is and surely don't know what bitcoin is

in third countries there is a larger ignorance

I wouldn't call that ignorance. I'd say it's more about people in 3rd world countries are most (if not entirely) focused on the basic needs, for that reason they don't have time (and tools) to research and learn about new things.

In order for the BTC to kick off in those countries, they would need to have basic infrastructure starting with reliable BTC/local currency exchanges. Next thing to do is to enable all those (possibly unbanked) freelancers/local artists/farmers/craftsmen etc to sell their goods/services to the 'western' world using Bitcoin as payment system. That's not easy, but there's a huge potential there.

[helloeverybody]

Buying bitcoin in a 3rd world currently would be quite difficult i would think due to the price, Which is only going to get higher. Btc is pretty expensive in 1st world countries never mind 3rd world.

[MaritiJames3]

Because most of the internet in third world countries have slow internet. Third world countries are not as developed as the western country so their technology and such are like 10 years behind for us.

you don't need fast connection to enter in the crypto world, i think more toward the fact that they don't even know what crypto is and surely don't know what bitcoin is

in third countries there is a larger ignorance

I wouldn't call that ignorance. I'd say it's more about people in 3rd world countries are most (if not entirely) focused on the basic needs, for that reason they don't have time (and tools) to research and learn about new things.

In order for the BTC to kick off in those countries, they would need to have basic infrastructure starting with reliable BTC/local currency exchanges. Next thing to do is to enable all those (possibly unbanked) freelancers/local artists/farmers/craftsmen etc to sell their goods/services to the 'western' world using Bitcoin as payment system. That's not easy, but there's a huge potential there.

I agree, most people in third world countries are not even thinking about other options to make money. To them surviving is number one thing to do. Some people can't even afford a roof above their heads or can't even have 3 meals a day. They got better things to worry about.

[tarsua]

Because most of them dont know what crypto is, it pains me to see people only use the internet for social media only when it has so much more possibilities

[Amph]

Because most of the internet in third world countries have slow internet. Third world countries are not as developed as the western country so their technology and such are like 10 years behind for us.

you don't need fast connection to enter in the crypto world, i think more toward the fact that they don't even know what crypto is and surely don't know what bitcoin is

in third countries there is a larger ignorance

I wouldn't call that ignorance. I'd say it's more about people in 3rd world countries are most (if not entirely) focused on the basic needs, for that reason they don't have time (and tools) to research and learn about new things.

In order for the BTC to kick off in those countries, they would need to have basic infrastructure starting with reliable BTC/local currency exchanges. Next thing to do is to enable all those (possibly unbanked) freelancers/local artists/farmers/craftsmen etc to sell their goods/services to the 'western' world using Bitcoin as payment system. That's not easy, but there's a huge potential there.

well ignorance is when you don't know something not when you are stupid, i didn't mean that with ignorance, probably they do not care also about the newest technology, their mindset is different, too accustomed with easy things

[pawel7777]

well ignorance is when you don't know something not when you are stupid, i didn't mean that with ignorance, probably they do not care also about the newest technology, their mindset is different, too accustomed with easy things

ignorance =/= not knowing. Ignorance is when you ignore the knowledge and choose not to educate yourself on something.

You can't call someone 'ignorant' when such person doesn't have time/resources to get the knowledge. Referring to such person as 'ignorant' is... ignorant.

Definition from Wikipedia:

Ignorance is a state of being uninformed (lack of knowledge).[1] The word ignorant is an adjective describing a person in the state of being unaware and is often used as an insult to describe individuals who deliberately ignore or disregard important information or facts. Ignoramus is commonly used in the UK, Ireland, and the US as a term for someone who is willfully ignorant.

But yeah, I agree with different mindset thing. But then again, if someone sees direct, financial benefits from using BTC, then the decision to learn about it should be much easier.

[jt byte]

Having facebook and using it actively are 2 different things. Remember most of them have Internet at public places; University's, libraries etc.
Their village and most of the time, also in their home is not equiped with Internet.

If you want bitcoin to be used, it should be accessable 24/7

[richardsNY]

Because most of them dont know what crypto is, it pains me to see people only use the internet for social media only when it has so much more possibilities

It has all to do with the companies there that are having too much power and are charging high fees for their services. They don't want these people to know Bitcoin. If these people would all switch to Bitcoin, then these companies will suffer massively. They don't care about the people. They only care about profit.

[ThunderThomas]

I think it's because of the things that they need to even own a wallet is not directly available to them. You're going to need internet to set up a wallet or even download one to have it offline. To make money, everything revolves around internet.

[Blind Legs Parker]

yes and guiding them to cheaper but strong altcoins

Buying bitcoin in a 3rd world currently would be quite difficult i would think due to the price, Which is only going to get higher. Btc is pretty expensive in 1st world countries never mind 3rd world.

Why is everyone talking about the price? There isn't any country in the whole world where the poorest guy wouldn't be able to afford buying some satoshis.
And if they buy cheaper alternate cryptos it's the same. If they want security they'll buy litecoins, and let's say that for said amount in local fiat they'd get 0.01 BTC, that sure doesn't sound like much because of the zeros, whereas in litcoins, 1 LTC sound much better, but in the end, it's the same amount of money. Just LTC is (roughly) a 100 times cheaper, so if you buy LTC you'll have the feeling that you're holding more money, but that feeling is wrong. It's actually the same amount of money. (And well, if they don't mind security then the prospect of getting rich with low starting funds is higher but the risk is higher as well).
At any rate can you or can you not afford to invest in something has literally nothing to do with the price of what you're investing in. Only the market, prospects, and degree of risk matter. The price doesn't.

[bitsmichel]

why dont they have acess to their own Crypto Bank/Wallet

They don't have access to the internet. Only some apps like Facebook, if they have access at all.

[gentlemand]

There is no risk with Facebook. You don't have to learn anything. You just plug in and start posting duck pouts.

BTC is a matter of awareness and education wherever you go in the world. There's also the issue of how you obtain it in the first place. If you don't have a pot to piss in or any kind of banking then it's not going to be very high on your list of priorities.

Third world shitholes aren't going to be anywhere near as fertile as developing countries that are hungry to better themselves.

[maokoto]

They should have indeed. For some countries, the low earnings obtained through faucets may even be meaningful at their life costs.

[MTBTT]

why dont they have acess to their own Crypto Bank/Wallet

Because they haven't heard the concept of Cryptocurrencies yet. If they did, everyone in Africa or elsewhere would be using BTC because how convenient and efficient the system is.

Facebook on the other hand is pretty well known, even in 3rd world countries.

[lolgato]

I'm from a third world country I have Facebook rarely use it and I'm using bitcoins and buying it no problems with me.

[mirana12345]

why dont they have acess to their own Crypto Bank/Wallet

Because they haven't heard the concept of Cryptocurrencies yet. If they did, everyone in Africa or elsewhere would be using BTC because how convenient and efficient the system is.

Facebook on the other hand is pretty well known, even in 3rd world countries.

Are they not using some sort of cellphone banking in Africa (there was some projects even made possible by Bill Gates regarding that ) ?

The people in third world countries have barely enough money to buy groceries and for basic needs, so there's little chance of seing them
utilizing blockchain tech, or bitcoin for that matter. Don't see the point in targeting that sort of clients/users .

[mtnsaa]

If these people (average persons) manage their Bitcoin wallets like they do their profiles they will be out of BTC in a week. Wallets, long address, decimals, qr codes, authorization keys and no refunds is not something for non tech savvy people to mess with.

[randy8777]

They should have indeed. For some countries, the low earnings obtained through faucets may even be meaningful at their life costs.

of course. what we consider to be not worthy time wasting faucet payouts, are a good extra income for people from third world countries. for these people farming faucets is a more than good time investment.

[bitcoin revo]

why dont they have acess to their own Crypto Bank/Wallet

They don't have access to the internet. Only some apps like Facebook, if they have access at all.

Eh? Internet good enough for Facebook is Internet good enough for getting a wallet. Using Facebook would use up a lot of data, so it's not like getting a wallet requires a better internet connection than it.

[NorrisK]

If these people (average persons) manage their Bitcoin wallets like they do their profiles they will be out of BTC in a week. Wallets, long address, decimals, qr codes, authorization keys and no refunds is not something for non tech savvy people to mess with.

It can also help to educate them about cyber security. Just remember how you where when you just started on the internet and with your first social media profile.. Atleast for me, it wouldn't have been hard to guess my passwords back then.. Luckily I learned to be more secure without losing anything of value or something.

Also, when I look around, nobody seems to care even the slightest about security. Passwords of 99% of people I know could probably easily be cracked with some info about them. It is not limited to third world countries.

[mirana12345]

why dont they have acess to their own Crypto Bank/Wallet

They don't have access to the internet. Only some apps like Facebook, if they have access at all.

Eh? Internet good enough for Facebook is Internet good enough for getting a wallet. Using Facebook would use up a lot of data, so it's not like getting a wallet requires a better internet connection than it.

I think he was referring to the 0.facebook version of it, which doesn't charge the consumption of data transferred, and doesn't even show images or videos, just text.
If people in these countries don't have fixes internet connection, or even enough money to pay for basics, i honestly doubt they can or would pay for mobile data packets.